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Stock Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Erayak Power Solution Group Inc. (NASDAQ:RAYA)
Bull Market Weakness (+75) - RAYA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RAYA as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RAYA?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAYA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RAYA
The long-term trend has been UP since Jan 2nd, 2024 at 1.090
The intermediate-term trend has been DOWN since Mar 26th, 2024 at 0.661
The short-term trend has been UP since Apr 19th, 2024 at 0.680
Smart Scan Analysis for RAYA
Based on our trend formula, RAYA is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6399 | 0.6730 | 0.6400 | 0.6510 | -0.0008 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6518 | 26160 | 2024-04-25 11:29:58 |
| 52wk High | 2.68 | 52wk High Date | 2023-06-16 |
| 52wk Low | 0.44 | 52wk Low Date | 2023-12-22 |
| Average Volume | 183,175 | Shares Outstanding | 11,000 |
| Assets | 35,285,266M | Liabilities | 15,083,178M |
| P/E Ratio | 6.518 |